Passing It On: Will Older Americans Show Their Children the Money?
- Wealth Accumulation by Age Cohort in the U.S., 1962-1992: The Role of Savings, Capital Gains and Intergenerational Transfers. Wolff, Edward N. // Geneva Papers on Risk & Insurance - Issues & Practice;Jan1999, Vol. 24 Issue 1, p27
A simulation model is developed to account for observed changes in mean household wealth both overall and by age cohort over the 1962-92 period in the U.S. There are three major findings. First, capital gains are the major factor explaining overall wealth changes and account for three-fourths of...
- Six Dimensions of Wealth: Leaving the Fullest Value of Your Wealth to Your Heirs. Jaffe, Dennis T. // Journal of Financial Planning;Apr2003, Vol. 16 Issue 4, p74
Explores the six forms of wealth that families can pass on their heirs. Spiritual; Financial; Human; Family; Structural; Societal capital.
- Windfall from a loved one can be both rewarding and complicated. LUND, MARK // Enterprise/Salt Lake City;8/26/2013, Vol. 43 Issue 2, p13
The author discusses the burdens and rewards of inheriting wealth from a family member.
- Age, Wealth Inequality and Life-Cycle Modelling. Davies, James B. // Geneva Papers on Risk & Insurance - Issues & Practice;Jan1999, Vol. 24 Issue 1, p64
Presents a study which explored alternative possible explanations for the U-shaped age profile of wealth inequality. Empirical evidence on the age profile of wealth inequality; Predictions of the life-cycle model with uncertain earnings; Variations on the life cycle model; Conclusion.
- Family Business 'Flu.' Hutcheson, James Olan // Financial Planning;Apr2001, Vol. 31 Issue 4, p159
Cites the disadvantages of wealth that financial planners must help clients address. Details on affluenza, a dysfunction associated with having large amounts of inherited money or stock; Signs of affluenza; Importance of dealing with the problem early.
- The New Rich Are Different. Hamilton, Joan O'C. // Town & Country;Aug2000, Vol. 154 Issue 5243, p68
Presents information on the Sudden Wealth Syndrome, an issue for surprise inheritors and lottery winners.
- Wealth Transfer: Money Matters, But So Does Tax Status. Hawkins, Phillip // National Underwriter / Life & Health Financial Services;10/15/2007, Vol. 111 Issue 38, p19
The article discusses strategies for wealth transfer in the U.S. The author suggest a client-focused strategy which would base upon the client's needs as well as belittle current income taxation. Then again, the family focused strategy is based upon the needs of the client's heirs, thus,...
- GREAT Expectations. Weiss, Michael J. // American Demographics;May2003, Vol. 25 Issue 4, p26
Presents information on wealth transfer to the Baby Boom generation in the U.S. as of 2003. Estimated amount received by Baby Boomers in the next decade; Percentage who have received a bequest, according to the 1998 Survey of Consumer Finances poll; Expenses faced by Baby Boomers; Approximate...
- Get your house in order. Mackay, Tim // Charter;May2012, Vol. 83 Issue 4, p66
The article reports on certain pre-emptive steps to be taken in order to avoid family disputes over wealth. It is said that people often forget about the importance of planning for the transfer of wealth to their children when they are gone. One should create his/her own wealth transfer plan...